Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jul. 02, 2022
Commitments and Contingencies Disclosure [Abstract]  
Product Warranty Liabilities
The following activity related to product warranty liabilities was recorded in Accrued expenses during the six months ended July 2, 2022 and July 3, 2021:
(in millions) July 2, 2022 July 3, 2021
Balance at beginning of period $ 129.3  $ 115.9 
Payments - Recurring (29.2) (31.1)
Provisions/additions for contracts issued/sold 41.1  37.8 
Aggregate changes for preexisting warranties (0.2) (1.8)
Foreign currency translation (1.3) (0.2)
Other (0.9) (2.9)
Balance at end of period $ 138.8  $ 117.7 
Extended Product Warranty Liabilities
The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the six months ended July 2, 2022 and July 3, 2021:
(in millions) July 2, 2022 July 3, 2021
Balance at beginning of period $ 99.5  $ 87.4 
Extended warranty contracts sold 20.1  18.7 
Revenue recognized on existing extended warranty contracts (11.0) (9.7)
Foreign currency translation —  0.3 
Other (0.3) (0.3)
Balance at end of period $ 108.3  $ 96.4